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23rd July 2019

Broad Street appoints Chief Investment Officer

Broad Street Investment Management, a subsidiary of Broad Street Asset Management, the bespoke, independent wealth management business, has appointed Andrew Gibbs as its Chief Investment Officer.

With over 30 years’ investment management experience, focused on Asian, Emerging and Developed Market equities for major global institutions in Asia, America and Europe, Gibbs joins from Henderson Rowe Ltd. where he was a Senior Portfolio Manager and a member of their Investment Committee.

8th July 2019

European outbound M&A activity sees highest quarterly value since 4Q17

Mergermarket, the leading provider of M&A data and intelligence, has published its 2Q19 report that shows a reluctance among companies to acquire within Europe. Confidence among corporates to invest heavily across the continent has been replaced/spurred by political and economic uncertainty. Just USD 391bn was spent on European assets across 3,223 deals, down 38.8% compared to last year’s USD 638.9bn during the same period.

5th July 2019

Joko raises €1.6 million to reinvent loyalty cards

Fintech startup Joko has carried out its first fundraising with top-tier investors — Partech, Axeleo Capital, Lafayette Plug and Play, and several angel investors from the sector — to develop its simple and universal loyalty program integrated into credit or debit cards.

Traditional and single-brand loyalty programs are no longer appropriate for the customised buying experience that millennials want. With most brands, it is necessary to have the loyalty card with you and to scan it when you pay. Already existing programs are not or only slightly customised, and the consumer accumulating points on each of his programs has little visibility on the benefits he gets. As a result of this disappointing experience, millennials are increasingly abandoning these historical programs.

3rd July 2019

British Business Bank appoints Warren Ralls as UK Network Director

The British Business Bank has appointed Warren Ralls as UK Network Director, South and East of England. 

24th June 2019

Edward O’Hara appointed Chief Risk Officer at British Business Bank

The British Business Bank has welcomed Edward O’Hara as its new Chief Risk Officer.

Edward joins the Bank from The Commonwealth Trade Bank Plc, where he served as Chief Risk Officer from early 2017. He has had an extensive career in Risk and strategic leadership positions in a wide variety of international banking and finance institutions, including in the UK, USA, Poland and Bulgaria.

24th June 2019

Octopus & EQT back $16.5m new funding for Token (open banking)

Token, the turnkey open banking platform, has completed a $16.5m strategic investment from a pool of investors, including Opera Tech Ventures, the venture arm of BNP Paribas - one of the world’s largest banks and two other visionary banks headquartered in the Middle East and Southeast Asia.  

24th June 2019

Fintech startup Swoop secures £5m investment

Swoop, a FinTech solution that supports SMEs to access funding, has been awarded £5 million (€5.6 million) by the UK’s Banking Competition Remedies (BCR) – an independent body working on behalf of Royal Bank of Scotland (RBS). BCR aims to ensure RBS is continually promoting competition within banking, and fair access for SMEs to the banking services market, with funds becoming available when an alternative body can better deliver this goal.

20th June 2019

London-based insurtech Zego raises $42million to fund European expansion

London-based insurtech firm Zego has raised $42million in one of the largest funding rounds for a European insurtech start-up. 

18th June 2019

QuarterOne raises funding from Seedcamp

QuarterOne, the sales forecasting software start-up for SMEs, raises first major investment from Seedcamp, the influential European seed fund

18th June 2019

InsurTech Inzura.ai secures £1m from industry leaders

Inzura.ai the UK based global InsurTech has raised a further £1m in a pre-A funding round. This follows a seed investment round in early 2018 and rapid growth in the UK and South East Asian markets.

Inzura works with brokers and insurers to deliver enhanced digital versions of their insurance products through smartphone apps, leveraging telematics, integrated dashcams and artificial intelligence (AI). With some customers already achieving over 30% improvements in loss ratio, Inzura's digital products are customer focussed, cost significantly less to operate, reduce fraud, and enable greater pricing accuracy.

14th June 2019

Maven funds invest a further £750,000 in honcho

Maven Capital Partners has invested a further £750,000, in disruptive car insurance platform, Honcho Markets Ltd. The funding has been provided by Maven VCTs (£322,500), North East Development Capital Fund, supported by the European Regional Development Fund (£322,500) and the Finance Durham Fund, established by Durham County Council (£105,000). The follow-on investment will support the business as it enters its next phase of development to launch the product nationally, add new insurance product lines and make significant enhancements to its platform. The investment will also support the creation of 10 jobs over the next 12 months, bringing the total staff numbers to 15.

12th June 2019

Kernel Capital £1.2M co-investment in Belfast RegTech Company Datactics

 

Kernel Capital and Par Equity have led a £1.2M investment in Datactics Limited, a Belfast-based provider of RegTech solutions for the banking and financial services sector.  This is the second round of funding secured by the company from The Bank of Ireland Kernel Capital Growth Fund (NI).  Datactics provides data quality and matching software to the financial services industry and government departments to help financial firms measure, clean and match data ahead of a regulatory reporting, business intelligence or analytics process. 

 

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